U.S. Government GSA & NC Dept. of Health & Human Services

Two Government Tenants, Zero Corporate Credit Risk — 100% of the income stream is paid by the United States Government, under a GSA lease to the Social Security Administration, and by the State of North Carolina, under a lease to the Department of Health & Human Services. No franchisee, no operating company, no personal guaranty required.

Government-Occupied Since 1993, in a Building Built for the Tenant — the Social Security Administration leased 820 Florence in 1993, outgrew it over the next ten years, and had ownership construct 830 Florence to its own requirements, taking occupancy in 2003. A new fifteen-year lease in 2013 brought a further $342,000 of upfit to 830. 820 was re-leased to the State's Vocational Rehabilitation unit in 2008. Both buildings have been continuously government-occupied for more than three decades.

Immediate Access to Concord's Primary Commercial Corridor — the site sits three-tenths of a mile off Concord Parkway North (US-29 / US-601), which carries 25,993 vehicles per day at Davidson Drive and 34,180 VPD at Kannapolis Highway. US-29/601 carries 35,646 VPD within seven-tenths of a mile, and North Church Street carries 20,950 VPD a half mile away.

Affluent, Growing Trade Area — 115,501 residents and 46,066 households within five miles, projected to reach 124,069 residents and 50,043 households by 2031. Average household income within five miles is $102,626, and Cabarrus County's median household income of $89,005 runs well ahead of the North Carolina median.

Constrained Office Supply Across the Metro — only 594,362 SF of office space is under construction across the entire Charlotte market — approximately 1.1% of inventory — while suburban vacancy (24.7%) is outperforming the CBD (30.3%) and Charlotte office investment sales rose 80.8% year over year through July 2026.

Concord Is North Carolina's 10th-Largest City — 114,598 residents as of July 2025, up 8.8% since the 2020 Census and up roughly 45% since 2010. Cabarrus County stands at 249,725 residents, up 10.6% since 2020, with the county projecting 37% further growth by 2040.

Offered at a Cheap Price Per Square Foot - Asking price of this asset is $149 PSF whereas the recently sold comparables within the market sold north of $300 PSF.